COFORGE trade ideas
COFORGE looks in correctionAs seen in above chart NSE:COFORGE Looks in Bearish movement if continued the same move then in Wave5 can go till 2931 fibo ratio 0.5 and next till 0.618. & If it breaks the above invalid level (4036). then it can go up till 4632 in ABC Correction wave.
COFORGE, LOW RISK SETUP, POSITIONAL!!!Double Bottom
1st Target - 1:2 Risk Reward Ratio
SL - Closing Below 3900
SL to keep in order book - 3840
COFORGECOFORGE:- formed double bottom pattern..... currently at very crucial level. stock expect good up side move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
Coforge -1DPositional Buy
Stock : Coforge
Time frame : 1D
Positional Buy
its breaks a multiple rejection once close above resistance will expect good upmove
#COFORGEGapup + Descending and now a fresh Impulse
Upside intact and shall swiftly move as NIFTY IT reached Q1 RRG
SL 3874
COFORGE - Getting Ready For UpmoveNSE:COFORGE has managed to close above all EMAs 20/50/100/200 along with a spurt in volume . After making double bottom in Sept 2022, it seems the trend is changing with an up-move seen in IT index. Considering the momentum in NSE:CNXIT , this could move towards 4800, 5100 and 5900 levels. Also something interesting is that relative strength is almost at 0 as compared to Nifty50.
Seems COFORGE is getting ready. SL should be 3200 on DCB
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Coforge- Upmove comingCoforge has obtained all key moving averages with volume. After making double bottom and change in trend, this could move towards 4800, 5100 and 5900 levels. RS is close to 0 which offers good R:R. RS with respect to sectorial index is already above 0 so can be a swing trade.
SL should be 3200 on DCB.
Coforge Coforge is making a variant of head and shoulder near previous resistance level.
If it crosses below 3685, any retracement can be a good opportunity for 3600 level followed by 3400
Only for educational purposes. Happy trading
COFORGE Rounding bottom, @ Resistance !!NSE:COFORGE
#NSE:COFORGE formed beautiful rounding bottom and trading @ key resistance zone, BO sustainability may show good momentum.
Levels marked on chart.
Coforge #Coforge forming a double bottom at 3350
CMP 3398 can be taken with 3340 as SL on closing Basis.
Long term pick
Swing Trade Opportunity in COFORGESwing Trade opportunity in COFORGE
Entry: CMP
Target: 3920
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Buy COforge CMP 3520Buy COforge CMP 3520
R:R 2+ : 1
All parameters on the chart , buy in green zone, RED zone is SL
COFORGE SHORTA LH-LL structure , with downward trendline and a rising channel, all put together shows a negative PA. Breakdown of this channel could be a shorting opportunity.
Bullish flag pattern in COFORGE.Discription:
Stock Name: COFORGE.
Chart Pattern: Bullish flag pattern
Time Frame: 1 Hour
Entry: Reversal From Support level
Breakout Above 3950+
Targets: Reversal Target 3950+
Breakout Targets 4125+
COFORGE Swing LongFound The Price Is In Valid Demand Zone
Entry: 3786.65
Stop Loss: 3677.55
Target: 4005.15
Downtrend is over in the Tech. Maybe it's not.The downtrend seems to be taking a halt but as a trader it better to have a continuation bias. I see a downward channel playing out resulting in a double bottom type range. This can become a double top continuation pattern and the price continue to go down further. Moving averages or Lower High-Lower Low structures on lower time frame would confirm the entry.
COFORGEComplex uptrend
Looks good for up to level 2 and 3.
play with better risk : reward
Only for educational purpose.
Coforge 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
coforgethere is a good breakout out of chanel and it will break double bottom also .4000 will be the first target stoploss should be according to risk reward ratio
